• New Single-Tenant LA Fitness:
∘ Major recent capital raise from equity partners (Moody’s)
∘ Corporately guaranteed lease with the largest health club operator in the
country (740+ locations)
∘ NN lease with minimal landlord responsibilities, ideal for a passive investor
∘ Low rent per square foot
∘ LA Fitness experienced no club closures as a result of the pandemic
• Dense Infill Position: In the heart of a mature built-out trade area with over 110K
people within 3 miles and over 100K households within 5 miles
• Oversized 5-Acre Site with Ample Parking
• Daily Needs Intersection: Ideally located directly across the street from a H-E-B
Grocery, providing great daily needs synergy
• Higher Income Pocket: Average household income of $85,000 within a one-mile
radius
• High Traffic location: Just off the corner of Gessner Drive and Kempwood Drive
with a combined 55,000 cars per day
• New Home Developments: Approximately 1,000 brand new single-family homes
within 1 minute of the subject property
• Ideally Situated Between 3 Major Arterials: This site is bordered by Interstate 10
to the south (375K CPD), Sam Houston Tollway to the west (171K CPD), and U.S.
290 to the north (197K CPD)
• Lack of Competition: Competition within 2 miles is outdated and lacks amenities;
LA Fitness is the only full-service operator in this trade area
• Booming Houston Proper Location:
∘ Largest city in Texas and 4th most populous city in the U.S. (2.3 million residents)
∘ Houston MSA is the 5th largest in the nation (population of 7.1 million)
∘ 4th in the nation in Fortune 500 companies and 3rd in Fortune 1000
∘ Population expected to increase about 20% by 2029
• Texas is a Tax-Free State: Ideal for an out-of-state investor
